 "havells")
Havells India hit a fresh high of Rs 1,155.7 per share on Friday, after the consumer durables maker beat analysts’ estimates by a mile for the December quarter (Q3). The stock ended the session marginally lower at Rs 1,122.65.
While demand was expected to be healthy thanks to festive season sales and a revival in footfall, top line growth came in far higher than estimates. Revenue was up a whopping 39 per cent year-on-year (YoY) to an all-time high of Rs 3,165 crore in Q3, aided by strong growth across segments. This compares with consensus estimates of Rs 2,627 crore.
This growth,
